The Iraqis aren't spending enough of their oil money on infrastructure projects in part because Iraqi officials are worried about being charged with corruption. (Iraq Is Failing to Spend Billions in Oil Revenues) At the same time, an American general is urging more spending to help quell the insurgency. (U.S. General Says Jobs and Services May Curb Iraq Violence)
Had the Coalition Provisional Authority been even half-way competent, we wouldn't be facing these problems today. Of course, Paul Bremer doesn't admit that the CPA was a miserable failure.
Wednesday, December 13, 2006
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